ING Groep NV acquired a new stake in New York Times Company (The) (NYSE:NYT) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 14,861 shares of the company’s stock, valued at approximately $263,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Guggenheim Capital LLC boosted its position in New York Times Company (The) by 1.8% in the fourth quarter. Guggenheim Capital LLC now owns 24,752 shares of the company’s stock valued at $329,000 after buying an additional 430 shares during the last quarter. Advantus Capital Management Inc boosted its position in New York Times Company (The) by 3.1% in the first quarter. Advantus Capital Management Inc now owns 15,606 shares of the company’s stock valued at $225,000 after buying an additional 467 shares during the last quarter. State Treasurer State of Michigan boosted its position in New York Times Company (The) by 1.0% in the first quarter. State Treasurer State of Michigan now owns 49,500 shares of the company’s stock valued at $713,000 after buying an additional 500 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in New York Times Company (The) by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the company’s stock valued at $444,000 after buying an additional 700 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its position in New York Times Company (The) by 1.3% in the first quarter. Mason Street Advisors LLC now owns 57,583 shares of the company’s stock valued at $829,000 after buying an additional 730 shares during the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Shares of New York Times Company (NYT) traded down 1.61% on Friday, hitting $18.30. The stock had a trading volume of 680,797 shares. New York Times Company has a 12-month low of $10.60 and a 12-month high of $20.15. The company’s 50-day moving average price is $18.17 and its 200 day moving average price is $16.13. The firm has a market cap of $2.96 billion, a P/E ratio of 46.56 and a beta of 1.81.

New York Times Company (The) (NYSE:NYT) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.05. New York Times Company (The) had a return on equity of 12.76% and a net margin of 4.12%. The company had revenue of $407.10 million during the quarter, compared to analyst estimates of $393.07 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities research analysts forecast that New York Times Company will post $0.71 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Wednesday, July 12th were given a dividend of $0.04 per share. The ex-dividend date was Monday, July 10th. This represents a $0.16 dividend on an annualized basis and a yield of 0.86%. New York Times Company (The)’s dividend payout ratio (DPR) is presently 40.00%.

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Several research firms have issued reports on NYT. Zacks Investment Research upgraded New York Times Company (The) from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Monday, July 31st. Jefferies Group LLC increased their price objective on New York Times Company (The) from $12.00 to $15.00 and gave the stock a “hold” rating in a research report on Thursday, May 4th. Finally, Barclays PLC increased their price objective on New York Times Company (The) from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $15.20.

In other New York Times Company (The) news, SVP R Anthony Benten sold 13,200 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $17.59, for a total transaction of $232,188.00. Following the completion of the transaction, the senior vice president now owns 49,376 shares in the company, valued at approximately $868,523.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James M. Follo sold 138,161 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $18.97, for a total value of $2,620,914.17. Following the transaction, the chief financial officer now owns 136,523 shares of the company’s stock, valued at approximately $2,589,841.31. The disclosure for this sale can be found here. Insiders have sold a total of 672,861 shares of company stock valued at $12,902,407 in the last quarter. 5.70% of the stock is currently owned by insiders.

About New York Times Company (The)

The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.

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Institutional Ownership by Quarter for New York Times Company (The) (NYSE:NYT)

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